

Listed by Marcus & Millichap - Chicago Oak Brook
$6,241,929
Everbrook Academy - Waxhaw, NC (Charlotte MSA)
Details
Property Type Retail
Sub Type Day Care/Nursery
Square Footage 12,779
Cap Rate 7%
NOI $436,935
Occupancy 100%
Tenancy Single
Lease Type NN
Lease Term 16.5
Lease Expiration 01/31/2036
Remaining Term 9.6
Rent Bumps Yes
Lease Options Three, Five-Year
Year Built 2021
Acreage 1.630
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/20/2019
Ground Lease No
#2 Corporate Operator in the Country | 9+ Years Remaining | AHHI Exceeds $204,000 in a 1-Mile Radius
Investment highlights
Corporate Guaranty from the #2 Corporate Operator in the Country
- Learning Care Group (LCG) is officially recognized as the second-largest for-profit early childhood education and care provider in North America.
- The company operates over 1,150 schools across the United States. Its network spans across 40 states and Washington, D.C.
- LCG has the collective capacity to care for and educate over 165,000 children daily, ranging in age from 6 weeks to 12 years old.
- Unlike some competitors that operate under a single name, LCG achieves its massive scale by maintaining a diverse portfolio of 11 unique brand identities. This multi-brand approach allows them to target various market segments, educational philosophies, and geographic regions.
- Driven by its massive footprint, LCG generates an estimated $4.1 billion in annual revenue.
9+ Years Remaining with 10.00% Increases Every 5 Years
- The Learning Care Group corporately guaranteed lease has over 9 years remaining.
- The lease features rental increases every 5 years of 10.00% and continuing into the option periods, growing NOI and hedging against inflation.
- The lease features limited landlord responsibilities, allowing for a passive investment for a new landlord.
Charlotte MSA – Nearly 3,000,000 People
- Located between the Blue Ridge Mountains and coastal plains, the Charlotte metro stretches 3,198 square miles across the Piedmont region of the Southeastern United States.
- A strong financial presence has helped the local population grow to more than 2.8 million citizens, becom¬ing one of the nation’s fastest-growing metros over the past 15 years.
- The Charlotte metro benefits from North Carolina’s low-tax business environment, for which it is frequently ranked among the top states for competitiveness.
Over $97,000,000 Spent on Education and Daycare in a 5-Mile Radius
- A strong focus on education and early childhood development can make a city more attractive to businesses and skilled workers, contributing to overall economic growth.
- Participants in early childhood programs are more likely to enroll in college and potentially experience higher earnings in adulthood.
Listing Contacts


Listed by Marcus & Millichap - Chicago Oak Brook
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$436,935.00
$36,411.25/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
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